Keep working ‘to avoid dementia’ BBC. I do observe that older people who continue working (as in they like their work) seem to stay sharper and happier (but which way does the causality run?) And the cynic in me wonders if stories like this are to help reconcile most people to the fact that they will have to stay in the saddle longer than they planned.
Notes From Another Credit Card Crisis Suki Kim, New York Times
Newspapers No Longer Dominate Journalism Fellowships New York Times
Germany needs more than an accounting trick Wolfgang Munchau, Financial Times
S&P 500 Earnings Decline: 90% Barry Ritholrz (hat tip reader Dwight)
Chinese Banks Are Not Good Students Elite Chinese Politics and Political Economy (hat tip reader Michael)
A tale of two banking crises: Japan and Korea John Hempton
Antidote du jour: